AMERICAS DISTRESS DAILY: Oaktree Closes Distressed Debt Fund

Oaktree Capital Management has closed the largest fund in its history, the Wall Street Journal reported on Tuesday morning.

Oaktree Opportunities Fund XII, at $16 billion including co-investments and related vehicles, is the largest in its history as well as the largest distressed-debt fund ever raised, according to the report, citing PitchBook Data.

In Other News:

• Redwood Capital Management’s master fund gained about 17% last year, driven by wagers on distressed credits including Argentina, petrochemical producer TPC Group and satellite TV provider Dish Network, according to an investor letter seen by Bloomberg.
• Allen Media Group refinanced a $100 million revolving ...